About this Show

Cavuto on Business

News/Business. Neil Cavuto and market analysts discuss financial issues and forecasts. New. (CC)

NETWORK

DURATION
00:30:00

RATING

SCANNED IN
San Francisco, CA, USA

SOURCE
Comcast Cable

TUNER
Virtual Ch. 760 (FOX NEWS HD)

VIDEO CODEC
mpeg2video

AUDIO CODEC
ac3

PIXEL WIDTH
1280

PIXEL HEIGHT
720

TOPIC FREQUENCY

Us 8, Washington 7, Michigan 6, Schwab 4, America 4, Charlie 4, John Boehner 3, Ben 3, Lipper 2, Neil Cavuto 2, Ben Stein 2, Cavuto 2, Jamie Colby 2, Detroit 2, South Carolina 2, Pop 1, The Private Sector Union 1, Apollo 1, Charlie Gasperino Barack Obama 1, Marco Rubio 1,
Borrow a DVD
of this show
  FOX News    Cavuto on Business    News/Business. Neil Cavuto and market analysts  
   discuss financial issues and forecasts. New. (CC)  

    December 8, 2012
    7:30 - 8:00am PST  

7:30am
involved. >> brenda: jonas, what do you think. >> bad for the stock. and samsung, i feel like i put good money out after bad. >> and up to the hand. >> and the todd bull or bear. >> a bear, gaining market share. >> brenda: and you google best business anchor guess what you get? neil cavuto and he's up next. . >> no guts, no glory, are we surprised, no deal? so far, not a december to remember, and not with these cast of characters this december, a far cry from these cast of characters, 40 years ago, this december. the month and year man walked his last steps on the moon. it's weird. four decades ago it seemed
7:31am
like nothing we couldn't do and today looking at the fiscal charade in washington, nothing we can do. >> welcome, i'm neil cavuto and 40 years after man left the lunar surface, politicians barely scratching the surface. >> 20 years after the astronauts made the impossible, possible. finger pointing spend thrifts who make the possible, impossible. how did we go from reaching for the stars to reaching to the other guy's throats. the astronauts who went to the moon and here for yourself, a jaw dropping special, it's a rare tv first in which we were granted unprecedented access to never before seen footage and exclusive interviews with the men who got us there. i don't want to give away the entire special, i do want to give you this little tidbit from it.
7:32am
that i think speaks volumes today. heroes who didn't see themselves as heroes at all. >> you're not thinking about what goes wrong, worry is a wasted emotion, it clouds clear thinking that is absolutely needed when something goes wrong. >> people say, boy, you've got a lot of guts, i didn't have juts, i knew what i was doing, i didn't go to the moon and-- >> he came back. did you hear the important part, he didn't have guts, not for himself, but for his country. not personal glory, but for his country. sounds like anyone watching right now. a democrat or republican? i don't think so. and charlie payne, dagen mcdonnm mcdowell and gacharlie gasperino and ben stein.
7:33am
>> we've come a long, long way and it's interesting, because we look at these men as heroes. and no one in washington deserves any sort of hero worship unless you talk about the small business owners who gutted it out and the ladies and men who get on the subway train at 4 or five o'clock in the morning to clean up the offices so the lobbyists and legislators, anyone in d.c. is misguided. i know some people get it, why, i don't know. i long for the america that you just talked about. >> and what's interesting there and putting it together and the difference in the periods here, anything was possible, we didn't know the meaning of the word kment. we found a way to the impossible, it was in our vernacular and way of thinking. >> the irony is today, in today's washington if somebody came up with a crazy idea trying to go to the moon if we'd never been there before.
7:34am
people would laugh it off because people don't dream big and don't dream at all instead. worried about their own shelves and not for sake of country, but only for the sake of reelected. two years or six years out or t they ars, it's shameful and procrastinate like no woman i've even ever met in my entire life is just despicab despicable? >> well, you spend time with great americans. >> here i am with you. >> yes, and i spent time with great americans every now and then and people that came back from afghanistan and iraq, and you know, these kids and you're blown away, they're looking for jobs and i'm trying to help a couple of them. and i wouldn't say that washington is totally devoid of people that we can respect. there's a guy who came from a broken family, went to good schools, became president. i mean, i don't agree with him. >> that's the first nice thing you said about barack obama. >> i don't agree with him, i
7:35am
don't like his policies, don't like the directions. >> and the season bringing up. stop it, the guy came from nothing ands' president. >> how many times have i told you that, hear the love. >> i don't, i don't hate him. i hate his policies, but i will say this, you know, this is a guy who's committed to that agenda. he believes in it. >> and you might even consider instead, charlie, saying that you dislike his policies rather than hating-- >> i hate his policies. >> what's the point. >> and, but charlie has made-- >> and great human being, although with politics-- >> neil, without doing any additional finger pointing, we ought to acknowledge the effect what you're doing with the special and interviewing american heroes is also praising public servants, people whose jobs and careers is to serve us, is to work for us, and charles, for example-- >> that's not what i said. >> and i heard you, you said public service. >> and many of these people
7:36am
are public servants and working for the united states government and celebrate that. >> did you got that out of my special then i hope you don't watch it. >> ben stein, all kidding aside, i just wonder, say what you will about what happened to our space program we used to own it and hitch a ride with the russians to still be a part of it. we're trapped in our own debt and that seems to limit our options and even our thinking about how we get out of messes. >> it was a heart breaking situation, and by the way, to go back to real life for a second, i go to the army medical center, we used to be called walter reed and now down in bethesda and quite often seeing amazing heroes with their limbs blown off and making a life with themselves and their families and plenty of heroes, and teachers and so forth, and you're right out of washington we've allowed our government to create a lead weight of debt that brings us
7:37am
down, down, down, instead of great things and turned over the rush shins and chinese and surrendered our enormous lead in the space program because of other indebtedness. it's heart breaking that this whole enormous adventure of outer space has now passed from the united states to other countries. it's just a heartache. >> do you think, charles payne, that we could have done what we did in the states and even initiated a race, if we had the debt, if we do now back then? >> 16 trillion? i, you know, it would have been a lot tougher to push it through. i do want to get back to what adam was saying. there's a big difference between being a public servant to your constituents to america, and being this servant to an agenda or an ideology. i applaud like charlie gasperino barack obama's success, john boehner's success, came in humble beginnings, but neither one of us are doing us a favor. neither one of them are deserving of hero worship in a country falling apart.
7:38am
>> i didn't think we should be hero worshipping the president, what i said he's an admirable man that did great things. >> sure, absolutely. >> in this country. i don't agree with his agenda. >> you argue that we haven't lost, to dagen's point we have it in us, but we haven't shown it? >> the lawmakers in washington don't, they're a bunch of gutless weasels who don't-- >> that language there. >> furthermore it's not productive language. >> well, they're not productive, and criticizing me for calling them gutless when that's exactly what they are. >> i'm trying to draw a distinction between-- >> come on. the gutless weasels on the one hand and not doing a good enough job on the other hand, let's cheer them on and say we honor your service, now, do a better job. >> yeah i got cheered when i didn't unload the dishwasher when i was a kid instead sent to the corner and sit there
7:39am
for the night. >> did anybody want to be an astronaut. >> sure. >> and john boehner is a gutless weasel? >> and gasperino, did you ever want to be an astronaut? >> no. >> many wanted you to. >> i wanted to be a cop. >> i wanted to be and at cape that-- >> do you think that gutlessness and the notion that they don't have any, you know, our politicians, are they gutless or just working within a system-- >> no, they're gutless. >> designed to imperfect. >> i think a good number of men are gutless and they just, they-- >> and what does john boehner get out of this. >> an opportunity to serve his country and that's my point. >> a lot of money? >> not making a lot. >> bottom line, bottom line, we've come a long way from what we have now, needless squabbling. >> human beings have always
7:40am
squabbled, not having a civil war, not having the ku klux klan, in many ways it hurts me to hear one of our panel say the country is falling apart. a lot of us do not see a country falling apart, see a country with a lot of goodwill and wonderful people. >> i'm not taking that away i'm talking to washington. and the civil period, i don't know if that's the civil war or-- >> i'm kidding. good points all, everybody. do you remember this? ♪ that was then. this is now. >> this isn't which is wishes it's michigan and unions are seething, as the state is on the verge of becoming the 24th right to work state in the nation. should taxpayers across the nati nation-- tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you
7:41am
tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd#: 1-800-345-2550 commission-free, from your schwab account. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 so let's talk about saving money, tdd#: 1-800-345-2550 with schwab etfs. tdd#: 1-800-345-2550 schwab etfs now have the lowest operating expenses tdd#: 1-800-345-2550 in their respective lipper categories. tdd#: 1-800-345-2550 call 1-800-4schwab tdd#: 1-800-345-2550 or visit schwab.com tdd#: 1-800-345-2550 to open an account today. tdd#: 1-800-345-2550 funding is easy tdd#: 1-800-345-2550 with schwab mobile deposit. tdd#: 1-800-345-2550 investors should consider tdd#: 1-800-345-2550 carefully information d#: 1-800-345-2550 contained in the prospectus, d#: 1-800-345-2550 cluding investment objectives, d#: 1-800-345-2550 risks, charges, and expenses. d#: 1-800-345-2550 you can obtain tdd#: 1-800-345-2550 a prospectus by visiting d#: 1-800-345-2550 w.schwab.com/schwabetfs. please read the prospectus tdd#: 1-800-345-2550 carefully before investing. tdd#: 1-800-345-2550
7:42am
7:43am
7:44am
>> hi, everybody, we're live in america's news headquarters, i'm jamie colby. president obama going off republicans on the looming fiscal cliff on the weekly radio address. accusing the house of blocking a bill aimed at year end middle tax cuts. >> they put forward an unbalanced plan that lowers rates for the wealthiest americans. >> if we want to protect the middle class, the math didn't work. >> meanwhile, florida senator marco rubio delivering the response, prosperity should come through job creation and smaller debt not taxes. >> we must get the debt under control. taxes will not control our debt. >> both sides of the issue. i'm jamie colby, back to cavuto on fox business, only
7:45am
on the fox news channel. >> what's the deal with the guy wearing sunglasses and saying nothing? >> and all over again in michigan, protesting the right to work bill. the scene almost identical to wisconsin last year and that state's battle over collective bargaining and then, what's going on? >> and i think it's always tough for unions to admit they've lost allure. i'm a union man and i know charlie is very fond of unions. we love unions, but we want people to have the right to choose whether or not they belong to a union. a clothes shop where they have to have the union and i don't think that's freedom, if you want to join the union by all means, but to make it mandatory, that seems a bit harsh. >> neil: but the unions are spinning it the other way in
7:46am
michigan, charles, what do you make of that? >> and ben makes the great point. the unions feel like their back has been against the walls and have for a number of years. in michigan, this is the way we can be competitive. listen, everyone talks about the great comeback in detroit in the auto sector, that's a mirage. michigan's in trouble, detroit is in trouble and this is how they compete on the national scale, ultimately, a global scale. >> neil: dagen? >> very significant that this is happening and by the way, this is just the right to not have to pay union dues if you don't want to belong to a union first and foremost. >> neil: and you got that. >> very significant that it's happening in the birthplace of the u.a.w. it could spread aoss the midwest if this gains momentum and if you look back. >> by the way those are not sunglasses. >> i'm sorry. >> and what is he doing? >> and i think he's a union buster. >> he's not nothing, not shouting. >> not him. >> and exactly. >> but if you look back on the
7:47am
last decade at right to work states, you have faster economic growth, faster payroll growth, you have faster population growth. it works for those states. >> and dagen, it's no fantasy, in nevada a right to work state, they have extremely high unemployment for reasons nothing to do with-- because of housing. it may or may not help and look, this is a public policy issue, do you want to support that unions will exist or not because-- >> in las vegas, by the way, organized, las vegas at the heart. >> the casinos. >> that's a big part of it. >> so, it's not a good example. (laughter) >> what about south carolina, what's the unemployment rate in south carolina? it's very high and that's a right to work state. >> neil: so your point, like your liberal colleague is that unions have had a point. >> well, i would say this, i don't think it's going to spread across the country. >> oh i think it will, i think it will. >> i think that michigan has a specific-- >> the unions are pouncing off what happened in november and ruining with it.
7:48am
>> let's see. but there's a specific example here, which is the fact that michigan is doing very badly and i would say this, the problem that unions have. my dad was in a trade that you could get hurt and die if you don't have certain-- >> he was a construction worker and went up, many stories. he fell a bunch of times, got hurt. and coal miners, we're talking about unionizing people at wal-mart and that's where they've gone to work and-- >> and mcdonald's. >> you might cut your finger. >> how about a journalist union, oh, a paper cut. >> and it's not the only reason why workers need protection from the employers. >> do you think that wal-mart needs protection? they don't-- >> and my problem with this, they got this president reelected and got out the vote and say what you will of the declining influence, they did influence the outcome of this election and i think that they're certainly trying to leverage off of that since the
7:49am
election. >> well, they-- that was one of many, many, many factors. >> absolutely. >> and after the election and the fact is, as we all agree, the private sector union is a dying animal and that they only can survive if they can thoroughly control the public sector and this is just another example of their slow, painful death. >> on that upbeat note. i want you to look at this. the parent company of red lobster, filing a fight for the president's health care law, not because of the actual law, because it criticized the law. the gang from forbes is going to explain the top of the hour, up next, did any of you see this? >> oh! oh! >> apparently these guys just found out that they could get fined for eating while driving. is nothing sacred? having you ship my gifts couldn't be easier.
7:50am
well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office.
7:51am
> >> coming down and paying up. one city is fining people for eating behind the wheel, part of a law to cut
7:52am
7:53am
>> >> driving and eating, hey, the a city in south dakota fine people eating behind the wheel. >> charles, you say it has to go? >> pretty soon we'll be fined for driving while driving. and it's a way to get money, ridiculous. >> neil: this is one town that won't see cavuto passing through soon.
7:54am
thank you. ben, what do you think of it? >> cooking while driving. (laughter) and i think setting the table while driving. but eating potato chips, pop corner, peanuts? that's illegal? that's insane. >> neil: i was trying to reason this out, dagen, because just seemed like-- you can't use your cell phone in a lot of states now because it's a huge distracting. >> and texting. >> so, maybe that's the next step. >> i don't have a problem with this, actually, if they need to raise money-- >> get skinny. >> and you show up and you don't have-- >> and fat people have a problem with it. >> and you don't have potato chip crumbs on your lap, ben, when you arrive to see who you're seeing and don't have a sticky steering wheel, i'm done. >> neil: i'm not going to touch that. >> the sticky steering wheel? >> gasperino? (laughter) >> a sticky steering wheel? >> i don't know, i don't know. >> and i'll just say this, by
7:55am
the way, we have-- >> my non-sticky steering wheel. listen, if you take off your eye off the road for a period of time you get pulled over, who cares why you're doing it. >> we can joke around, a joke about this, but getting distracted while driving is a serious problem and kills people. ben, by the way, i know this isn't a concern for you because in the back seat you are allowed to continue eating. >> i don't always have a driver. (laughter) >> always, that's how it is, the view is from the back seat. >> neil: by the way my thanks to charlie and dagen, very, very much. up next, we already told you about our fox news special "fly me to the moon" to commemorate the anniversary of the last man on the moon and now the gang is blasting off with their own money mission, out of the world stocks. any other way to leverage this issue? i'm still trying. dle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then.
7:56am
but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup.
7:57am
7:58am
>> well, we thought our
7:59am
chances were 10 percent. >> apollo 13 commander thinking one out of 10 chances of surviving that. isn't that out of this world? >> and you know what else is stock picks from our shooting stars. none of them heroes, but they are all good friends. >> the space program, for america. liquiify national gas is huge . the company will do extraordinary well because of it cheniere. >> i agree with you about natural gas in general. but i rather have companies that are making money >> what is making money. >> i think boring is it better. >> hey, i built a crire on it. >> it is it a three percent dividend yield as walgreen is, it is a good idea. >> ben? >> super competive field. it is a